Latin America Mining News

Dominican Republic presents Extractive Industries Transparency Initiative report

The country's reserves have been estimated at $60 billion for metallic and 40 billion for non-metallic resources.

Robots will run mines within the next decade, Anglo says

Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

SolGold on a roll in Ecuador with finds at Timbara, Porvenir projects

The Ecuador-focused miner said it has discovered "promising" new copper prospects at the Porvenir and Timbara projects, with rock chip samples graded up to 4.27% copper.

Brazil mining code unchanged as Senate fails to vote on bill

Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.

Copper execs see balanced market, warn on rising costs, regulation

Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Argonaut Gold acquires Cerro Del Gallo project in Mexico for $15 million

Gold-silver project is located on the San Anton property in central Mexico’s Guanajuato state, not far from Argonaut’s four other properties in the country.

Lawsuit could be precedent-setting for Canadian mining companies operating abroad

Legal proceedings were held last week in Toronto related to a case against a Canadian mining company that formerly was operating through a subsidiary in Guatemala.

These are the top mining projects in Peru to watch in 2018

Mining investment in Peru is expected to grow 9% this year when compared to 2016, marking the end of a three-year decline than began in 2014, to reach $10 billion next year thanks to these projects.

Silver miners’ Q3’17 fundamentals

Covering everything from stocks, miners, and geography, Adam Hamilton provides a thorough analysis of silver during the third quarter of 2017.

Workers at BHP copper mine in Chile end strike over layoffs

Unionized workers at Escondida copper mine in Chile ended a 24-hour strike Friday but may put down tools again next week over company's planned layoffs.

Mexico says no link between killings and dispute at Canada's Torex mine

Two men were killed on Saturday at a road blockade mounted as part of a workers demonstration at Torex’s El Limón-Guajes gold mine.

Colombian First Nations rally against mining in the world’s highest mountain/coastal system

The Arhuaco tribe believes mining in the area threatens both the natural environment and the physical and cultural survival of Indigenous communities.

Chile's Codelco copper output dips but company posts profit

Codelco Chief Executive Pizarro said company produced 1.24m tonnes of copper in January-to-September period, a 3 percent decline from same period last year.

Chile lithium miner SQM says legal dispute could linger through 2018

Sociedad Quimica Y Minera said on Thursday its ongoing legal dispute with Chilean authorities over royalty payments may not be resolved until end of 2018.

Brazilian miners up in arms as lawmakers hike iron ore, gold royalties

They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.

Chile’s Escondida workers on strike to protest layoffs

Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."

Southern Copper says Peru operations normal despite strike

This is the third strike this year over profit-sharing staged by the company’s unions and it affects Southern Copper's two mines in the country — Cuajone and Toquepala.

Escondida to lay off 3% of its workforce

Officials for the world’s largest copper mine say they are “adjusting production processes.”

Brazil's Congress approves higher mining royalties

Brazil's lower house passed a bill that would boost royalty rates on iron ore by 75%, as both houses voted in a win for President Michel Temer's reform agenda.

Whoever wins Presidential election, Chile state copper giant may get boost

The world's largest copper miner, Codelco, may see a boost in investment cash regardless of who wins next month's presidential runoff in Chile, as both candidates have vowed to end the state-run firm's funding of the military.

Canada's Wealth Minerals, Chinese firm to bid for world’s largest lithium miner

The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).

Peru takes steps to legalize artisanal and small-scale miners

The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.

Rio Tinto's M&A madness

Some companies are good at takeovers. Rio Tinto Group isn't one of them.